as recently as last night, president clinton said if the sanctions keep going up, russia might have to examine deals with western countries when it comes to energy. >> we will pick that point up in a moment. talk to me about what is happening with ukraine. >> ukraine was another place that shell was looking to expand its business. and had an agreement with the central government of ukraine to explore for gas and a stable country. that part of the country is controlled by separatists. not something -- is going to be able to work on any time -- that is not something shells going to be able to work on in the future. on shall incote russia. should we be worried about the situation? davide serra is ceo and founder of algebris. tap on, so got the we should not worry about the russians turning the tap off. >> the market is underestimating this. ukraine, i cannot see a win-win, that is not what worries -- that is what worries me. , mistakes from geopolitical points of view. pushyas been a bit too with the anti-ballistic missiles in eastern europe. from a putin perspective, he lost the empire i